Riskified (NYSE:RSKD) Director Erez Shachar Sells 289,400 Shares of Stock

Riskified Ltd. (NYSE:RSKD) Director Erez Shachar sold 289,400 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $6.12, for a total value of $1,771,128.00. Following the completion of the sale, the director owned 1,466,883 shares of the company’s stock, valued at approximately $8,977,323.96. This trade represents a 16.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Erez Shachar also recently made the following trade(s):

• On Friday, August 28th, Erez Shachar sold 167,200 shares of Riskified stock. The shares were sold at an average price of $6.30, for a total value of $1,053,360.00.
• On Wednesday, August 26th, Erez Shachar sold 145,500 shares of Riskified stock. The stock was sold at an average price of $5.96, for a total value of $867,180.00.
• On Tuesday, August 25th, Erez Shachar sold 89,994 shares of Riskified stock. The shares were sold at an average price of $5.94, for a total transaction of $534,564.36.
• On Monday, August 24th, Erez Shachar sold 102,407 shares of Riskified stock. The shares were sold at an average price of $5.92, for a total transaction of $606,249.44.
• On Friday, August 21st, Erez Shachar sold 115,500 shares of Riskified stock. The shares were sold at an average price of $5.89, for a total transaction of $680,295.00.
• On Thursday, August 20th, Erez Shachar sold 157,200 shares of Riskified stock. The stock was sold at an average price of $5.95, for a total transaction of $935,340.00.
• On Wednesday, August 19th, Erez Shachar sold 139,884 shares of Riskified stock. The stock was sold at an average price of $6.11, for a total transaction of $854,691.24.
• On Monday, July 27th, Erez Shachar sold 5,586 shares of Riskified stock. The stock was sold at an average price of $5.25, for a total transaction of $29,326.50.
• On Friday, July 17th, Erez Shachar sold 7,909 shares of Riskified stock. The shares were sold at an average price of $5.19, for a total transaction of $41,047.71.
• On Monday, July 20th, Erez Shachar sold 27,600 shares of Riskified stock. The shares were sold at an average price of $5.27, for a total transaction of $145,452.00.

Riskified Price Performance

RSKD stock opened at $6.30 on Tuesday. Riskified Ltd. has a 1 year low of $3.70 and a 1 year high of $6.61. The company has a market cap of $933.35 million, a P/E ratio of -57.27 and a beta of 1.38. The firm has a 50-day moving average of $5.44 and a 200 day moving average of $4.84.

Riskified (NYSE:RSKD) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $98.69 million during the quarter, compared to analyst estimates of $89.18 million. Riskified had a negative net margin of 4.23% and a negative return on equity of 3.93%. On average, equities research analysts expect that Riskified Ltd. will post -0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RSKD shares. Weiss Ratings restated a “sell (d-)” rating on shares of Riskified in a research report on Friday, August 14th. DA Davidson reiterated a “buy” rating and issued a $7.50 price objective on shares of Riskified in a report on Monday, August 24th. UBS Group raised their price objective on Riskified from $5.00 to $6.75 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Wall Street Zen upgraded shares of Riskified from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Riskified from $5.50 to $6.25 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.50.

Institutional Trading of Riskified

Institutional investors have recently bought and sold shares of the company. Globeflex Capital L P purchased a new position in Riskified in the fourth quarter worth about $736,000. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Riskified in the fourth quarter worth approximately $1,019,000. Sei Investments Co. grew its holdings in shares of Riskified by 87.4% during the first quarter. Sei Investments Co. now owns 356,173 shares of the company’s stock valued at $1,396,000 after buying an additional 166,099 shares during the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of Riskified by 87.6% during the fourth quarter. Orion Porfolio Solutions LLC now owns 21,339 shares of the company’s stock valued at $106,000 after buying an additional 9,964 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Riskified during the third quarter valued at approximately $102,000. 58.98% of the stock is owned by hedge funds and other institutional investors.

About Riskified

Riskified is a technology company specializing in e-commerce fraud prevention and revenue optimization for online merchants. Its platform combines machine learning, behavioral analytics and proprietary risk models to assess the legitimacy of transactions in real time. By offering a chargeback guarantee, Riskified assumes the financial liability for approved orders that later turn out to be fraudulent, allowing retailers to focus on growth rather than dispute management.

The company’s core product suite addresses various aspects of the online shopping lifecycle, including order approval, account takeover protection and policy compliance.